Leon Cooperman Stock Portfolio: Top 12 Picks

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7. Lithia Motors Inc. (NYSE:LAD)

Total Number of Shares Owned: 416,085

Total Value of Shares Owned: $105,040,658

Number of Hedge Fund Investors: 35

The bullish outlook for Lithia Motors Inc. (NYSE:LAD) is strongly supported by its impressive financial performance in Q2 2024, where the company reported record revenue of $9.2 billion. This figure represents a significant 14% increase compared to the previous year, demonstrating robust growth even in the face of economic challenges. Additionally, Lithia Motors Inc. (NYSE:LAD) achieved an adjusted earnings per share (EPS) of $7.87, surpassing analysts’ expectations and showing a remarkable 30% improvement from the previous quarter.

This positive trend is further bolstered by Lithia Motors Inc. (NYSE:LAD)’s effective cost-saving strategies and better-than-anticipated profitability in its financing operations. Moreover, Lithia Motors Inc. (NYSE:LAD) has been proactive in enhancing shareholder value through share repurchases and maintaining strong free cash flow, indicating a commitment to returning value to its investors. This combination of strong revenue growth, improved profitability, and shareholder-focused strategies positions Lithia Motors Inc. (NYSE:LAD) favorably for future success.

Omega Advisors, Inc. has 416,085 shares of Lithia Motors Inc. (NYSE:LAD), valued at $105,040,658.

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